Performance Food Group Company (NYSE:PFGC) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC decreased its position in shares of Performance Food Group Company (NYSE:PFGC - Free Report) by 1.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 144,930 shares of the food distribution company's stock after selling 2,854 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.09% of Performance Food Group worth $11,396,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Millstone Evans Group LLC purchased a new stake in Performance Food Group in the 4th quarter valued at approximately $26,000. CENTRAL TRUST Co boosted its holdings in Performance Food Group by 476.5% in the 1st quarter. CENTRAL TRUST Co now owns 490 shares of the food distribution company's stock valued at $39,000 after purchasing an additional 405 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in Performance Food Group by 203.7% in the 1st quarter. Farther Finance Advisors LLC now owns 498 shares of the food distribution company's stock valued at $40,000 after purchasing an additional 334 shares in the last quarter. Golden State Wealth Management LLC boosted its holdings in Performance Food Group by 353.5% in the 1st quarter. Golden State Wealth Management LLC now owns 907 shares of the food distribution company's stock valued at $71,000 after purchasing an additional 707 shares in the last quarter. Finally, Versant Capital Management Inc boosted its holdings in Performance Food Group by 34,133.3% in the 1st quarter. Versant Capital Management Inc now owns 1,027 shares of the food distribution company's stock valued at $81,000 after purchasing an additional 1,024 shares in the last quarter. Hedge funds and other institutional investors own 96.87% of the company's stock.

Analyst Upgrades and Downgrades

PFGC has been the topic of a number of analyst reports. Barclays lifted their price objective on Performance Food Group from $100.00 to $112.00 and gave the company an "overweight" rating in a report on Thursday, May 29th. Truist Financial reduced their price target on shares of Performance Food Group from $104.00 to $101.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Sanford C. Bernstein set a $112.00 price target on shares of Performance Food Group and gave the company an "overweight" rating in a research report on Thursday, May 29th. UBS Group lifted their price target on shares of Performance Food Group from $103.00 to $110.00 and gave the company a "buy" rating in a research report on Thursday, May 29th. Finally, Morgan Stanley lifted their price target on shares of Performance Food Group from $93.00 to $96.00 and gave the company an "equal weight" rating in a research report on Monday. Five analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $100.31.

Performance Food Group Trading Up 3.0%

PFGC traded up $2.88 during trading on Wednesday, hitting $99.53. The company's stock had a trading volume of 1,319,719 shares, compared to its average volume of 1,129,321. The firm's 50 day moving average price is $87.75 and its 200-day moving average price is $83.91. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.61 and a quick ratio of 0.73. Performance Food Group Company has a twelve month low of $63.24 and a twelve month high of $99.59. The stock has a market cap of $15.54 billion, a PE ratio of 41.48, a PEG ratio of 1.37 and a beta of 1.15.

Performance Food Group (NYSE:PFGC - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The food distribution company reported $0.79 earnings per share for the quarter, missing analysts' consensus estimates of $0.86 by ($0.07). Performance Food Group had a return on equity of 16.17% and a net margin of 0.61%. The business had revenue of $15.31 billion for the quarter, compared to analysts' expectations of $15.41 billion. During the same period last year, the company posted $0.80 earnings per share. The firm's revenue for the quarter was up 10.5% on a year-over-year basis. On average, analysts expect that Performance Food Group Company will post 4.58 earnings per share for the current year.

Insider Activity

In related news, insider Craig Howard Hoskins sold 14,285 shares of the company's stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $83.70, for a total transaction of $1,195,654.50. Following the completion of the sale, the insider directly owned 138,008 shares of the company's stock, valued at approximately $11,551,269.60. This represents a 9.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Erika T. Davis sold 8,200 shares of the company's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $89.72, for a total transaction of $735,704.00. Following the completion of the transaction, the insider directly owned 46,722 shares of the company's stock, valued at approximately $4,191,897.84. The trade was a 14.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 77,837 shares of company stock worth $6,901,248 in the last quarter. Insiders own 2.80% of the company's stock.

Performance Food Group Profile

Performance Food Group Company, through its subsidiaries, markets and distributes food and food-related products in the United States. It operates through three segments: Foodservice, Vistar, and Convenience. The company offers a range of frozen foods, groceries, candy, snacks, beverages, cigarettes, and other tobacco products; beef, pork, poultry, and seafood; and health and beauty care products.